Amendment status not verified — confirm the current text below against the official source.
Agreements and security deposits.— (1) Every contract shall be made on behalf of the Board by the 12[Secretary] , or any other person empowered by it in this behalf. (2) The 13[Secretary] shall take sufficient security deposit for the due performance of the contract. (3) Written agreements shall be executed for all contracts, the value of which exceeds five hundred rupees.